Costco 2001 Annual Report Download - page 20

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COSTCO WHOLESALE CORPORATION
CONSOLIDATED BALANCE SHEETS
(dollars in thousands except par value)
ASSETS
September 2, September 3,
2001 2000
CURRENT ASSETS
Cash and cash equivalents ................................... $ 602,585 $ 524,505
Short-term investments ..................................... 4,999 48,026
Receivables, net .......................................... 324,768 174,375
Merchandise inventories, net ................................. 2,738,504 2,490,088
Other current assets ....................................... 211,601 233,124
Total current assets ...................................... 3,882,457 3,470,118
PROPERTY AND EQUIPMENT
Land and land rights ...................................... 1,877,158 1,621,798
Buildings, leaseholds and land improvements ..................... 3,834,714 3,007,752
Equipment and fixtures ..................................... 1,529,307 1,311,110
Construction in progress .................................... 133,995 200,729
7,375,174 6,141,389
Less-accumulated depreciation and amortization .................. (1,548,589) (1,307,273)
Net property and equipment ............................... 5,826,585 4,834,116
OTHER ASSETS .......................................... 380,744 329,706
$10,089,786 $ 8,633,940
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Short term borrowings ..................................... $ 194,552 $ 9,500
Accounts payable ......................................... 2,727,639 2,197,139
Accrued salaries and benefits ................................ 483,473 422,264
Accrued sales and other taxes ................................ 152,864 159,717
Deferred membership income ................................ 322,583 262,249
Other current liabilities ..................................... 231,078 353,490
Total current liabilities .................................... 4,112,189 3,404,359
LONG-TERM DEBT ....................................... 859,393 790,053
DEFERRED INCOME TAXES AND OTHER LIABILITIES ......... 119,434 90,391
Total liabilities ......................................... 5,091,016 4,284,803
COMMITMENTS AND CONTINGENCIES
MINORITY INTEREST ..................................... 115,830 108,857
STOCKHOLDERS’ EQUITY
Preferred stock $.005 par value; 200,000,000 shares authorized; no shares
issued and outstanding ................................... — —
Common stock $.005 par value; 1,800,000,000 shares authorized;
451,754,000 and 447,297,000 shares issued and outstanding ......... 2,259 2,236
Additional paid-in capital ................................... 1,125,543 1,028,414
Other accumulated comprehensive loss ......................... (173,610) (117,029)
Retained earnings ......................................... 3,928,748 3,326,659
Total stockholders’ equity ................................. 4,882,940 4,240,280
$10,089,786 $ 8,633,940
The accompanying notes are an integral part of these financial statements.
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